The National Association of Realtors is reporting that pending home sales dipped 2.2% in September, 2020. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell slightly to 130 with only one major region experiencing an increase in month-over-month contract activity. In addition, they reported that year-over-year contract signings were still, however, up 20.5%, year-over-year.
“The demand for home buying remains super strong, even with a slight monthly pullback in September, and we’re still likely to end the year with more homes sold overall in 2020 than in 2019,” said Lawrence Yun, NAR’s chief economist.
Click here to read the full report at the National Association of Realtors.
